According to the report published by Grand View Research global Automated Test Equipment Market is expected to reach USD 4.48 billion by 2020. Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this market due to its adverse effects on the profitability of industry participants.

Global Automated Test Equipment Market is expected to reach USD 4.48 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand for consumer electronics is expected to drive the market over the forecast period. Increased design complexity due to adoption of system on chip has resulted in need for effective testing, which is expected to favorably impact the market.

Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this market due to its adverse effects on the profitability of industry participants. Consolidated nature of the market may prove to be a barrier for industry growth. Expansion of wireless networks and significant developments in the manufacturing process of semiconductors are factors conducive for market growth over the next six years.

Non-memory ATE dominated the global market and accounted for over 75% of the overall market share in 2013. This is primarily due to increased proliferation of smartphones into the market, expansion of Long Term Evolution (LTE) wireless communication standard, increased automotive demand, and growing number of microcontroller-based applications.

IT & telecommunication accounted for over 50% of the overall market share in 2013, which can be attributed to the proliferation of computers, smartphones and tablets in the market and increased emphasis on effective communication. Automotive application sector is expected to witness significant growth owing to increased integration of sophisticated electronic devices in automobiles.

Asia Pacific is expected to be the market leader over the next six years, and accounted for over 70% of the market in 2013, owing to the presence of large number of semiconductor industries in the region and rapid technological advancements. RoW is expected to witness significant growth over the forecast period.

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.